# Ralph Lauren Corporation (RL)

> Source: Nexqual · https://nexqual.com/RL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ralph Lauren Corporation (RL), nexqual.com/RL" · informational, not investment advice.

**Price:** USD 381.95 (+0.34% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 380.66 · day 375.45–383.99 · 52w 306.55–421.6 · market cap $22.8B · NYQ

## Key facts
- Last four reported quarters (through Jun 27, 2026): revenue $8.36B, net income $983M (11.8% margin) (SEC filings).
- Valuation: P/E 23.2x (avg 20.4x at the last 3 fiscal year-ends), EV/EBITDA 14.9x, net cash $702M.
- Total return with dividends: 1Y +14.8% vs S&P 500 +14.9%; 5Y +241.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 4.22, revenue estimate $2.12B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.22B | $6.44B | $6.63B | $7.08B | $8.11B | $8.36B |
| Gross profit | $4.15B | $4.17B | $4.43B | $4.85B | $5.67B | — |
| Operating income | $798M | $704M | $756M | $932M | $1.18B | $1.25B |
| Net income | $600M | $523M | $646M | $743M | $941M | $983M |
| EPS (diluted) | $8.07 | $7.58 | $9.71 | $11.61 | $15.11 | — |
| Free cash flow | $549M | $194M | $905M | $1.02B | — | — |
| Gross margin | 66.7% | 64.7% | 66.8% | 68.6% | 69.9% | — |
| Operating margin | 12.8% | 10.9% | 11.4% | 13.2% | 14.5% | 14.9% |
| Net margin | 9.7% | 8.1% | 9.7% | 10.5% | 11.6% | 11.8% |
| Revenue growth | +41.3% | +3.6% | +2.9% | +6.7% | +14.6% | — |
| Cash + short-term investments | $2.60B | $1.57B | $1.78B | $2.08B | $2.06B | — |
| Total debt | $1.64B | $1.14B | $1.14B | $1.14B | $1.24B | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 27, 2026)
P/E 23.2x · P/S 2.7x · EV/EBITDA 14.9x · EV/Sales 2.6x · P/B 8.4x · Earnings yield 4.32% · Dividend yield (paid, TTM) 0.97% · Buyback yield (TTM) 2.75% · Net cash $702M · EV $22.1B
P/E at fiscal year-ends: Mar 2026 22.8x, Mar 2025 19.0x, Mar 2024 19.3x.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | UBS | Target raised | Buy | $511 → $520 |
| 2026-08-07 | Telsey Advisory Group | Target raised | Outperform | $460 → $470 |
| 2026-08-07 | Citigroup | Target raised | Buy | $400 → $455 |
| 2026-08-07 | Barclays | Target raised | Overweight | $439 → $463 |
| 2026-08-07 | Evercore ISI Group | Target raised | Outperform | $440 → $460 |
| 2026-08-07 | BTIG | Target raised | Buy | $450 → $460 |
| 2026-08-06 | Needham | Target raised | Buy | $405 → $450 |
| 2026-08-04 | JP Morgan | Target raised | Overweight | $434 → $452 |
| 2026-07-21 | Raymond James | Upgrade | Market Perform → Outperform | $410 |
| 2026-07-21 | Wells Fargo | Target raised | Overweight | $415 → $425 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +14.8% | +241.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.8% | +27.8% |
| Volatility (annualized) | 34.5% | 33.4% |
| Max drawdown | -19.4% (Jun 2026→Sep 2026) | -35.4% (Feb 2022→Sep 2022) |

## Peers (Apparel Manufacturing)
LEVI (Levi Strauss & Co) USD 21.36 +2.05% · GIL (Gildan Activewear, Inc.) USD 41.03 +1.79% · VFC (V.F. Corporation) USD 17.48 +1.92% · KTB (Kontoor Brands, Inc.) USD 77.78 +3.61% · PVH (PVH Corp.) USD 84.26 +0.80% · ZGN (Ermenegildo Zegna N.V.) USD 13.85 +7.20%

## More
Full page: https://nexqual.com/RL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| North America | $740.3M | 37.8% | +12.8% | $170.9M | 23.1% |
| Europe | $594.4M | 30.3% | +7.2% | $156.9M | 26.4% |
| Asia | $589.3M | 30.1% | +24.3% | $197.7M | 33.5% |
| Other Non-Reportable Segment-Related | $35.8M | 1.8% | +4.1% | — | — |
| Other non-reportable segments | $35.8M | 1.8% | +4.1% | $31.7M | 88.5% |
| Total revenue | $1.96B | 100% | — | $342.4M | 17.5% |
The lines above cover 101.8% of total revenue.

## Revenue by region (quarter ended 2026-06-27)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $784.2M | 40.0% | +12.5% |
| U.S. | $740.7M | 37.8% | +12.6% |
| Asia | $589.3M | 30.1% | +24.3% |
| Europe | $586.3M | 29.9% | +7.0% |
| Total revenue | $1.96B | 100% | — |
The lines above cover 137.8% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $4.22 | $4.04 | +4.5% | $2.12B | 15 |
| Next quarter (ends 2026-12-31) | $6.86 | $6.91 | -0.8% | $2.51B | 15 |
| Current fiscal year (ends 2027-03-31) | $18.86 | $18.45 | +2.2% | $8.68B | 17 |
| Next fiscal year (ends 2028-03-31) | $20.83 | $20.45 | +1.8% | $9.13B | 17 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±9.9%; last 8 reports averaged ±5.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 44.1% | ±9.9% |
| 2026-12-18 | 56 | 37.6% | ±11.9% |
| 2027-01-15 | 84 | 35.4% | ±13.6% |
| 2027-04-16 | 175 | 35.4% | ±19.5% |
| 2027-06-17 | 237 | 35.9% | ±23.0% |